5 Things You Must Know Before the Market Opens Friday

Updated from 5:59 a.m. EDT

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Here are five things you must know for Friday, Nov. 4:

1. -- U.S. stock futures pointed to a lower open for Wall Street on Friday ahead of the monthly U.S. jobs report and as the S&P 500 has declined for eight straight sessions, due in part to uncertainty over next week's presidential election.

The economic calendar in the U.S. on Friday includes the U.S. nonfarm payrolls report for October at 8:30 a.m. EDT. Economists surveyed by FactSet expect the U.S. to have added 171,500 jobs last month with the unemployment rate dipping to 4.9% from 5.0% in September.

Many economists believe a strong jobs report could seal the deal for an interest rate hike from the Federal Reserve when it meets again December.

Also on the docket is the Trade Balance for September at 8:30 a.m.

Humana (HUM) , which agreed to be acquired by Aetna AET, posted third-quater adjusted earnings of $3.18 a share, 3 cents above forecast. The health insurer also trimmed its earnings guidance for 2016.

The stock was inactive in premarket trading.

2. -- Starbucks (SBUX)  reported a 23% jump in fiscal fourth-quarter profit but said same-store sales in the U.S. rose only 4%, matching the disappointing 4% growth rate in the third quarter.

The stock rose 1.5% in premarket trading on Friday.

Starbucks said overall same-store sales in the quarter rose 4% for the second straight three-month period, and came in below Wall Street estimates for a 4.8% increase. Prior to the third quarter, Starbucks had notched an impressive 25-quarter stretch of 5% or more same-store sales growth. 

Net sales rose 16% from the prior year to $5.71 billion, surpassing analysts' forecasts for $5.69 billion. Earnings were 56 cents a share, narrowly surpassing estimates of 55 cents. 

CEO Howard Schulz cited uncertainty about next week's U.S. presidential election and the popularity of online shopping as he spoke to investors on a conference call.

"I would label this time as one with a high degree of uncertainty -- domestically driven -- but it has affected the rest of the world. Where we have visited, we have never witnessed such concern as a result of the (U.S. presidential) election," Schultz told analysts. 

Schultz, who endorsed presidential hopeful Hillary Clinton in September, added, "It's very hard to cut through the noise and get our message to the consumer."

Starbucks is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells SBUX? Learn more now.

3. -- Shares of generic drugmakers plunged late Thursday, after Bloomberg reported that the U.S. Department of Justice was on the verge of issuing criminal charges for suspected price collusion.

The DOJ's investigation has been under way for at least two years and a number of companies have reported receiving subpoenas related to the investigation.

Shares of Mylan (MYL) fell 7% on Thursday and other companies thought subject to the investigation were hit too. The stock was up 1% in premarket trading on Friday.

Teva Pharmaceutical (TEVA) plunged 9.6% and Endo International (ENDP) declined by more than 19%.

Shares of Allergan (AGN) , which disclosed in 2015 that it had received a subpoena from the DOJ, dropped 4.58%. Allergan announced at the time that the DOJ was "seeking information relating to the marketing and pricing of certain of the Company's generic products and communications with competitors about such products."

Lumping Allergan with other companies that might be caught up in the investigation is unfair, said Jim Cramer, TheStreet's founder and manager of the Action Alerts PLUS portfolio, which owns the stock.

"The news is another destructive hit to the pharma group that had been riddled with skepticism thanks to the election and rhetoric over price-gouging. Now with the generics in play, investors are again painting the entire sector with one brush, giving no company the benefit of the doubt," Cramer said.

4. -- Shares of GoPro (GPRO) , the maker of action cameras, were falling 19% in premarket trading after the company reported third-quarter results that missed analysts' projections and issued downbeat guidance for the fourth quarter and full year.

GoPro reported a third-quarter adjusted loss of 60 cents a share, far wider than analysts' estimates of a loss of 35 cents.

Thurd-quarter revenue fell 39.9% from a year earlier to $240.6 million, below analysts' projections of $313.4 million.
For the current quarter, GoPro expects to report adjusted earnings of between 25 cents and 35 cents a share on revenue between $600 million and $650 million. Analysts surveyed by FactSet called for adjusted earnings of 43 cents a share on revenue of $666 million.

5. -- Chinese billionaire Wang Jianlin on Friday sealed a deal to buy So You Think You Can Dance producer Dick Clark Productions for $1 billion, adding TV production to his growing basket of U.S. media interests.

Jianlin's Dalian Wanda Group said the takeover is "a big step forward in expanding Wanda's map in the entertainment industry." It said Dick Clark Productions' management will remain in place and had agreed on targets with its new owner which should lift revenue and profit in coming years. It didn't give figures.

Already in the U.S. Dalian Wanda controls the AMC Entertainment (AMC)  cinemas chain, film producer Legendary Entertainment and has held talks about buying a 49% stake in Viacom's (VIAB) Paramount Pictures. AMC is trying to close the $1.2 billion purchase of Carmike Cinemas (CKEC) after activist investor opposition.

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